Shares of

Network Appliance

(NTAP) - Get Report

were among technology's winners Thursday, rising 9% after the network-storage company posted better-than-anticipated third-quarter results and offered a higher-than-expected fourth-quarter sales projection.

For the January quarter, the company earned $76.4 million, or 20 cents a share, on sales of $537 million. Excluding items, the company earned $84.7 million, or 22 cents a share. Analysts surveyed by Thomson First Call expected earnings of 21 cents a share and sales of $524.6 million. During the year-earlier period, the company earned $60.1 million, or 16 cents a share, on sales of $412.7 million. On an adjusted basis, the company earned $62.8 million, or 16 cents a share, during the same period a year ago.

Looking ahead, Network Appliance sees fourth-quarter earnings, excluding items, of 22 cents to 23 cents a share. Analysts, on average, project earnings of 22 cents a share. The company predicts sales growth of 28% to 30%, equal to about $578 million to $587 million. Analysts project sales of $573.5 million. Shares were trading up $2.84 to $34.

Citrix Systems

(CTXS) - Get Report

rose nearly 3% after the company said it plans to buy up to an additional $200 million in stock as part of its share repurchase plan. As of Dec. 31, the company had about $67 million in stock purchases authorized under its previous plan. The software maker's shares recently were up 85 cents to $31.50.

Shares of

CryptoLogic

rose 6% after the software developer posted fourth-quarter results that topped expectations. The company earned $5.8 million, or 43 cents a share, on sales of $25.1 million. Analysts expected earnings of 40 cents a share, with sales of $22.6 million. During the year-earlier quarter, the company earned $3.8 million, or 27 cents a share, on sales of $17.9 million.

For the first quarter, CrytoLogic expects earnings of $6.7 million to $6.9 million, or 49 cents to 50 cents a share, on sales of $25.1 million to $25.5 million. Two analysts project earnings of 41 cents a share, while a single analyst projects sales of $23.4 million. Shares were up $1.41 to $25.

Shares of

Dot Hill Systems

(HILL)

fell 9% after the provider of computer-storage products posted weaker-than-expected fourth-quarter sales and issued first-quarter earnings guidance below expectations. The company posted an adjusted loss of $1.7 million, or 4 cents a share, on sales of $56.3 million. Analysts expected a loss of 4 cents a share on sales of about $60 million. Dot Hill said that results were hurt by component shortages. During the year-earlier period, the company earned $4 million, or 9 cents a share, on sales of $65.5 million.

Looking ahead, Dot Hill Systems sees a first-quarter loss of 4 cents to 6 cents a share, including stock-based compensation costs of a penny share. The company predicts sales of $55 million to $58 million. Analysts project break-even earnings on sales of $57.4 million. Shares were trading down 66 cents to $6.61.

Synopsys

(SNPS) - Get Report

rose 3% after the software company posted better-than-expected first-quarter results and forecast second-quarter earnings in line with Wall Street projections. For the quarter ended Jan. 31, the company earned $1.7 million, or 1 cent a share, on sales of $260.2 million. Excluding stock-based compensation costs and other items, the company earned $26.4 million, or 18 cents a share. Analysts expected earnings of 14 cents a share, before items, on sales of $258.5 million. A year earlier, the company recorded a loss of $14.3 million, or 10 cents a share, on sales of $241.3 million. Excluding items, the company earned $14.7 million, or 10 cents a share, in last year's quarter.

Looking ahead, Synopsys sees second-quarter earnings of 13 cents to 17 cents a share, before items. The company targets sales of $262 million to $270 million. Analysts project earnings of 16 cents a share and sales of $263.7 million. Synopsis shares were gaining 63 cents to $23.85.

Shares of

Hewlett-Packard

(HPQ) - Get Report

rose 8% after the computer maker posted first-quarter results that surpassed expectations. The company earned $1.23 billion, or 42 cents a share, on sales of $22.66 billion. Excluding items, H-P earned $1.39 billion, or 48 cents a share. Analysts expected earnings of 44 cents a share on sales of $22.55 billion. Last year, the company posted adjusted earnings of $1.08 billion, or 37 cents a share, on sales of $21.45 billion.

H-P sees second-quarter earnings, excluding items, of 47 cents to 49 cents a share. The company predicts sales of $22.4 billion to $22.6 billion for the April quarter. Analysts project earnings of 45 cents a share on sales of $22.6 billion. Shares were trading up $2.67 to $34.34.

Other technology movers included

Applied Materials

(AMAT) - Get Report

, down 46 cents to $20;

Intel

(INTC) - Get Report

, down 6 cents to $21.29;

Sirius Satellite Radio

(SIRI) - Get Report

, down 14 cents to $5.68;

Lucent Technologies

, up 3 cents to $2.88;

XM Satellite Radio

, down $1.56 to $23.69;

Microsoft

(MSFT) - Get Report

, down 14 cents to $26.74;

Cisco Systems

(CSCO) - Get Report

, down 3 cents to $19.91;

JDSU

(JDSU)

, up 2 cents to $2.97;

Apple Computer

(AAPL) - Get Report

, up $1.31 to $70.53;

Sun Microsystems

(SUNW) - Get Report

, unchanged at $4.32; and

Oracle

(ORCL) - Get Report

, up 1 cent to $12.42.